What are the pension options for an unemployed person?
- Thread starter Finance
- Start date
PRSA, but no tax relief is available
Don't forget PRSI credits that count towards the state contributory pension:
www.citizensinformation.ie
while on a Jobseeker's welfare payment:
www.citizensinformation.ie
or even when not in certain circumstances:
www.citizensinformation.ie
Applying for the State Pension (Contributory)
From 1 January 2025, if you apply for the State Pension (Contributory), there is a new way of calculating your rate of payment.
Payments for unemployed people
Credited social insurance contributions
A credited social insurance contribution is a contribution given to you and recorded on your social insurance record. This page explains the rules on credited contributions for students, carers, homemakers, voluntary development workers and people who retire early.
Tax relief may be available at a later date if/when in receipt of taxable income again.
I presume that a Personal Pension Plan aka Retirement Annuity Contract (RAC) might be another option?
Unless the rules have changed in recent years, you can contribute without earnings.